Highlights
• 1,700 metre RC drill program testing 4 priority copper – nickel targets now underway
• Drill targets include new ground EM conductors beneath surface mineralisation at the Stark copper – nickel prospect
• Results expected by mid – late January 2015
Nanadie Well is located 80 kilometres south east of Meekatharra, WA and includes the Stark copper – nickel prospect and the Nanadie Well Copper Deposit (151,506 tonnes copper metal).
Drilling commencement follows last week’s successful Rights Issue which raised $52 3,524.
The details of the drill targets (the Northern , Central and Southern EM conductors , and Nanadie Well North ) are given in an ASX Announcement entitled "Meekatharra drill program to commence first week of December" and their locat ions are shown.
The Company looks forward to providing furt her drilling updates with first results expected by mid – late January 2015.
Stark and the Nanadie Well North are located on tenements subject to a Farmin and Joint Venture Agreement with Intermin Resources Limited.
Under the terms of the joint venture , Mithril can earn up to a 75% interest in the project tenements by completing expenditure of $4M over 6 years with a minimum expenditure of $250,000 required by 14 April 2015 and before any withdrawal.
